The U.S. dollar mixed to lower against the most major currencies despite the mostly better-than-expected U.S. economic data. The Philadelphia Federal Reserve Bank' manufacturing index surged to 40.8 in November from 20.7 in October. That was the highest level since December 1993. Analysts had expected the index to decline to 18.9.
Sales of existing homes in the U.S. climbed 1.5% to a seasonally adjusted annual rate of 5.26 million in October from 5.18 million in September. That was the highest level since September 2013. September's figure was revised up from 5.17 million units. Analysts had expected an increase to 5.16 million units.
The U.S. consumer price inflation was flat in October, beating expectations for a 0.1% decrease, after a 0.1% increase in September.
Falling gasoline prices held down inflation in the U.S.
On a yearly basis, the U.S. consumer price index remained unchanged at 1.7% in October, beating forecasts of a decline to 1.6%.
The U.S. consumer price inflation excluding food and energy climbed 0.2% in October, in line with expectations, after a 0.1% rise in September.
On a yearly basis, the U.S. consumer price index excluding food and energy rose to 1.8% in October from a 1.7% gain in September, in line with expectations.
The U.S. preliminary manufacturing purchasing managers' index (PMI) fell to 54.7 in November from 55.9 in October, missing expectations for a rise to 56.2.
The euro traded mixed against the U.S. dollar. Eurozone's consumer confidence index declined to -11.6 in November from -11 in October. Analysts had expected the index to remain unchanged at -11.
Eurozone's preliminary manufacturing PMI fell to 50.4 in November from 50.6 in October, missing expectations for a rise to 50.9.
Eurozone's preliminary services PMI declined to 51.3 in November from 52.3 in October. Analysts had expected the index to remain unchanged.
Germany's preliminary manufacturing PMI decreased to 50.0 in November from 51.4 in October, missing forecasts of an increase to 51.5.
Germany's preliminary services PMI fell to 52.1 in November from 54.4 in October, missing expectations for a gain to 54.5.
France's preliminary manufacturing PMI dropped to 47.6 in November from 48.5 in October, missing forecasts of a rise to 48.9.
France's preliminary services PMI climbed to 48.8 in October from 48.3 in October, exceeding expectations for a gain to 48.6.
The British pound traded mixed against the U.S. dollar. Retail sales in the U.K. rose 0.8% in October, exceeding expectations for a 0.4% increase, a 0.4% decline in September. September's figure was revised down from a 0.3% fall.
On a yearly basis, retail sales increased 4.3% in October, beating forecasts of a 3.8% rise, after a 2.3% gain in September. September's figure was revised down from a 2.7% increase.
The Confederation of British Industry released its industrial order books balance. The CBI industrial order books balance climbed to 3% in November from -6% in October, beating expectations for an increase to -3%.
The Canadian dollar traded higher against the U.S. dollar after the better-than-expected Canadian wholesale sales. Wholesale sales in Canada jumped 1.8% in September, exceeding expectations for a 0.7% gain, after the flat reading in August. August's figure was revised down from a 0.2% increase.
The Swiss franc traded mixed against the U.S. dollar. Switzerland's trade surplus widened CHF3.26 billion in October from CHF2.49 billion in September, exceeding expectations for a rise to CHF 2.57 billion. September's figure was revised down from a surplus of CHF2.45 billion.
The New Zealand dollar traded higher against the U.S. dollar in the absence of any major economic reports from New Zealand.
In the overnight trading session, the kiwi traded lower against the greenback due to a stronger demand for the U.S. currency.
China's economic data also weighed on the kiwi. China's HSBC preliminary manufacturing purchasing managers' index dropped 50.0 in November from 50.4 in October, missing expectations for a decline to 50.2.
The Australian dollar traded higher against the U.S. dollar in the absence of any major economic reports from Australia.
In the overnight trading session, the Aussie fell against the greenback due to a stronger demand for the U.S. currency. The Aussie recovered its losses in the morning trading session.
China's economic data also weighed on the Aussie.
The Japanese yen traded mixed against the U.S. dollar. In the overnight trading session, the yen declined against the greenback. The yen recovered its losses in the morning trading session.
Decision by Japan's Prime Minister Shinzo Abe still weighed on the yen. He announced a delay in the sales-tax increase for 18 months on Tuesday, and called a snap election to take place next month.
Japan's adjusted trade deficit declined to ¥977.53 billion in October from a deficit of ¥1,070.14 billion in September. Analysts had expected a deficit of ¥1,020.0 billion.
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